Life Insurance
If you have loved ones who depend on your income for support, having life and accidental death insurance can help protect your family’s financial security and pay for large expenses such as housing and education, as well as day-to-day living expenses.
Life and AD&D
Supplemental Life
Basic Life Insurance pays your beneficiary a lump sum if you die. AD&D provides another layer of benefits to either you or your beneficiary if you suffer from loss of a limb, speech, sight, or hearing, or if you die in an accident. The cost of coverage is paid in full by the Firm. Please note, age reductions apply. Benefits reduce to 65% of original benefit at age 65 and 50% of original benefit at age 70. Coverage is provided by The Standard.
Plan Information
Plan Name: XXXX
Policy Number: #XXXX
Effective Date: XX/XX/XXXX
Network: XXXX
Associates
Basic Life Amount: $50,000 or $200,000, your choice*
Basic AD&D Amount: $200,000
*Taxes: An employer-provided life insurance policy in excess of $50,000 is a taxable employee benefit. You will see the value of the benefit included in your taxable income on your semi-monthly paychecks and annual Form W-2.
Directors & Managers
Basic Life Amount: $50,000 or $250,000, your choice*
Basic AD&D Amount: $250,000
*Taxes: An employer-provided life insurance policy in excess of $50,000 is a taxable employee benefit. You will see the value of the benefit included in your taxable income on your semi-monthly paychecks and annual Form W-2.
Partners
Individual Partner Life
Individual life insurance policies are issued in addition to basic life insurance provided by the Firm. Partners each pay their own premium via draw check deduction. Age reductions do apply. Coverage is provided by Pacific Life.
Coverage Amount: $1,500,000
Maximum Benefit: $1,500,000
Group Life and AD&D
Basic Life Insurance pays your beneficiary a lump sum if you die. AD&D provides another layer of benefits to either you or your beneficiary if you suffer from loss of a limb, speech, sight, or hearing, or if you die in an accident. The cost of coverage is paid in full by the Firm. Please note, age reductions apply. Benefits reduce to 65% of original benefit at age 65 and 50% of original benefit at age 70. Coverage is provided by The Standard.
Basic Life Amount: $500,000
Basic AD&D Amount: $500,000
Senior Paralegals
Basic Life Amount: $50,000 or $100,000, your choice*
Basic AD&D Amount: $100,000
*Taxes: An employer-provided life insurance policy in excess of $50,000 is a taxable employee benefit. You will see the value of the benefit included in your taxable income on your semi-monthly paychecks and annual Form W-2.
Special Counsel
Basic Life Amount: $50,000 or $500,000, your choice*
Basic AD&D Amount: $500,000
*Taxes: An employer-provided life insurance policy in excess of $50,000 is a taxable employee benefit. You will see the value of the benefit included in your taxable income on your semi-monthly paychecks and annual Form W-2.
Specialists
Basic Life Amount: $50,000 or $100,000, your choice*
Basic AD&D Amount: $100,000
*Taxes: An employer-provided life insurance policy in excess of $50,000 is a taxable employee benefit. You will see the value of the benefit included in your taxable income on your semi-monthly paychecks and annual Form W-2.
Staff
Basic Life Amount: $75,000
Basic AD&D Amount: $75,000
*Taxes: An employer-provided life insurance policy in excess of $50,000 is a taxable employee benefit. You will see the value of the benefit included in your taxable income on your semi-monthly paychecks and annual Form W-2.
Supplemental Life
Supplemental Life Insurance allows you to purchase additional life insurance to protect your family’s financial security. New hires may elect up to $250,000 for themselves (and $50,000 for their spouse) without providing Evidence of Insurability (EOI). Please note, age reductions apply. Benefits reduce to 65% of original benefit at age 65 and 50% of original benefit at age 70. Coverage is provided by The Standard.
For you: Increments of $10,000 up to lesser of 5 times your covered annual earnings or $500,000.
For your spouse: Increments of $5,000 up to lesser of 100% of employee amount or $250,000.
For your children: Increments of $2,000 up to $10,000.
Business Travel Accident Insurance
Business Travel Accident Insurance provides a variety of benefits to assist you while you’re traveling for business. Benefits include assistance with returning to the US in the case of an emergency and help if you’ve lost your passport. It also pays a benefit if you were to die in an accident while traveling on Firm business. Coverage is provided by Zurich.
Travel Accident Life Amount: $250,000 AD&D benefit; $1,250,000 aggregate per accident